Qorvo, Inc. (NASDAQ:QRVO) experienced a significant 34.3% surge in short interest during January, reaching 4,528,047 shares by January 30th, representing 4.9% of shares sold short with a 2.5 days-to-cover ratio. Despite this, the semiconductor company beat quarterly earnings estimates, reporting $2.17 EPS against a $1.93 expectation, and saw its revenue increase 8.4% year-over-year. Analyst sentiment remains largely neutral with a consensus “Hold” rating, and institutional investors hold a substantial 88.6% of the stock.
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Qorvo, Inc. (NASDAQ:QRVO) Short Interest Update
Qorvo, Inc. (NASDAQ:QRVO) experienced a significant 34.3% surge in short interest during January, reaching 4,528,047 shares by January 30th, representing 4.9% of shares sold short with a 2.5 days-to-cover ratio. Despite this, the semiconductor company beat quarterly earnings estimates, reporting $2.17 EPS against a $1.93 expectation, and saw its revenue increase 8.4% year-over-year. Analyst sentiment remains largely neutral with a consensus “Hold” rating, and institutional investors hold a substantial 88.6% of the stock.